Week 5 Discussion Acc 290

The link to the article below The Spectacular Decline of Checks fromThe Atlanticstates that checks have fallen out of favor. Why is that and what is replacing them?
What level of internal controls is consider to be adequate in a company?
What are effective controls for cash and why are these controls considered to be effective?
Define Fraud and Internal Control Principles.
Summarize the Benefits and Challenges of SarbanesOxley Act (SOX).
Recommend Internal Controls for cash.
Explain the Bank Reconciliation Procedures.
Please make sure your response for each is at least 75 words Also if you would like my reading material just let me know!!!

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